Section Manager Fixed Asset

The Allegro team is united by a clear purpose—advancing technologies that make the world safer, more efficient, and more sustainable. With over 30 years of experience in semiconductor innovation, we bring that purpose to life across every part of the business—from breakthrough product development and customer success to how we show up for each other and the communities we serve.

The Opportunity

The Section Manager, Fixed Assets, is a key leadership role responsible for overseeing all aspects of fixed asset accounting and management for Allegro MicroSystems global operations. This role will lead a team to ensure the accurate tracking, valuation, depreciation, and disposal of all capital assets in compliance with US GAAP and corporate policies. The Section Manager will drive process improvements, maintain a strong internal control environment, and provide critical financial data to support strategic capital investment and operational decisions

What You Will Do

• Capital Budget Planning and Expenditure Forecast
• Maintain and update the list of AML and AMPI-funded approved projects
• Monitors acquisition of capital assets
• Perform Fixed Asset Closing Procedures in Oracle
• Prepares Fixed Asset Schedules
• Performs Asset Impairment Review
• Reviews Fixed Asset Narratives and FA Policies and Procedures
• Coordinate with the other departments on work requiring complementary efforts.
• Formulates and recommends improvements to the fixed asset system, procedures, and internal control.
• Oversee recording, classification, and capitalization of fixed assets
• Ensure accurate depreciation calculations and asset life management
• Lead monthly, quarterly, and annual fixed asset reconciliations
• Manage asset additions, transfers, impairments, and disposals
• Supervise physical inventory counts and asset verification processes
• Maintain compliance with GAAP/IFRS and company policies
• Support audits by preparing schedules and responding to auditor inquiries
• Train and supervise fixed asset accounting staff
• Performs other duties assigned by the immediate superior from time to time.
  
  
  

Who You Are

• Education: Bachelors degree in Accounting or Finance. A CPA is highly preferred.
• Experience:
• At least 2 years of experience in Fixed Assets management/accounting
• At least 3 years in a leadership or managerial role is highly desirable.
• Experience in a global, publicly traded manufacturing or technology company is essential.
• Experience in the semiconductor industry is a strong plus.
• Technical Skills:
• Expert knowledge of US GAAP principles related to fixed assets, including capitalization, depreciation, impairment, and disposals.
• Expert proficiency with large-scale ERP systems (e.g., SAP, Oracle) and their fixed asset modules.
• Advanced Microsoft Excel skills for data analysis, reconciliations, and reporting.
• Strong understanding of internal controls (SOX) in a public company environment.
• Soft Skills:
• Exceptional leadership, coaching, and team-building abilities.
• Meticulous attention to detail and a commitment to accuracy.
• Strong project management skills with the ability to lead initiatives like physical inventories and process improvements.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across global, cross-functional teams.
• Proactive, results-driven, and committed to continuous improvement
  

Why Allegro?

Join Allegro and become part of a team where your contributions truly matter.

We foster a culture of Real Innovation, empowering you to push boundaries, develop cutting-edge solutions, and drive continuous improvement.

Your work will create a Real Impact by solving complex real-world challenges that fuel our success and shape the future of technology.

You’ll experience Real Connection, collaborating with talented colleagues around the globe in an environment built on trust, respect, and a shared purpose.

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